05.15.2009 01:50 AM
Acme Revenues Drop 20 Percent

SANTA ANA, CALIF.: Acme Communications reduced its operating costs to the point of keeping its loss flat while revenues fell 20 percent. Acme’s six TV stations and its syndie talk show, “The Daily Buzz,” generated revenues of $6.5 million in the first quarter compared to $8.2 million last year. The decrease was driven by sharply lower advertising demand resulting in a 22 percent decrease in net revenues at TV stations and a 4 percent decrease for the show.

Total operating costs fell 13 percent to $7.8 million for the first quarter compared to $9 million for the first quarter of 2008. Acme said it cut costs through lower program amortization and reduced promotion and compensation expense. Station cash-based operating expenses decreased 11 percent, principally on lower variable-based expenses.

Broadcast cash flow for the quarter was negative $374,000 compared to $425,000 for the first quarter of 2008. Adjusted earnings before interest, taxes, depreciation and amortization from continuing operations decreased to negative $855,000 compared to negative EBITDA of $164,000 for the first quarter of 2008 on lower broadcast cash flow, offset somewhat by lower corporate expenses. Net loss was $1.6 million for the first quarter of 2009, essentially unchanged from the first quarter of 2008. -- Deborah D. McAdams 

Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found

Thursday 10:05 AM
NAB Requests Expedited Review of Spectrum Auction Lawsuit
“Broadcasters assigned to new channels following the auction could be forced to accept reductions in their coverage area and population served, with no practical remedy.” ~NAB

202 Communications /   Friday 12:41 PM
Albis Technologies Appoints New Head of Access Solutions
ignite strategic communications /   Thursday 03:48 PM
2015 HPA Tech Retreat(r) Unveils Expanded Session Schedule

Featured Articles
Discover TV Technology